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Finance - Banking & Risk Management

Course Outline
The course has an excellent employment track record. Since inception 100%of students on the course gained graduate employment. For a list of these jobs please see our Programme Brochure at this link here

The MSc Finance (Banking and Risk Management) course in UCC involves an advanced study of the practices of investment, banking and risk management and includes an applied research project, using cutting-edge techniques and software.

The MSc Finance (Banking and Risk Management) is at the top end of graduate study in business/finance in Ireland and is designed for high achievers who wish to pursue high-end careers in financial markets areas such as:
investment banking
corporate banking
trading/dealing
portfolio management
asset pricing
treasury
capital markets (equity, money, bond, FX and derivatives markets)
risk management
financial analysis
research

Why Choose This Course
As well as providing a rigorous grounding in theory and methods, the course will provide you with the practical skills and techniques widely used in financial markets. The course covers much of the CFA Levels 1-3 syllabus and includes regular presentations and workshops from outside practitioners. You will also manage your own simulated asset portfolio on-line throughout the year to put theory into practice.

Entry requirements

Requirements
The course is open to applicants with a 2.1 degree or equivalent in a business subject

OR

Applicants with a 2.1 degree or equivalent postgraduate qualification in a related subject with a quantitative element such as mathematics, statistics, engineering, science, etc.

If you are applying with Qualifications obtained outside Ireland and you wish to verify if you meet the minimum academic and English language requirements for this programme please view the grades comparison site.

English Language Requirements
Applicants that are non-native speakers of the English language must meet the university approved English language requirements available here.

For applicants with qualifications completed outside of Ireland
Applicants must meet the required entry academic grade, equivalent to Irish requirements, please find our grades comparison by country here.

International/non-EU applicants
For full details of the non-EU application procedure please visit our how to apply pages for international students. In UCC, we use the term programme and course interchangeably to describe what a person has registered to study in UCC and its constituent colleges, schools, and departments.

Not all courses are open to international/non-EU applicants.

For more information please contact the International Office.

Duration

1 year full-time, 2 years part-time.

Additional Teaching Mode Information
The part-time option will be taught during weekday working hours over 2 years.

Careers or further progression

Skills and Careers Information
The course brings you into direct contact with financial markets, their issues and practices through practitioner seminars and visiting speakers throughout the year, across all modules.

In this course:
you will be trained in financial research, consulting and professional report writing

you will be taught about the quantitative methods relevant to the financial sector and required for Ph.D. level research

your interpersonal, organisational and leadership competencies will be developed

your oral and written communication skills will be improved through assignments, dialogue, exercises, presentations, etc.

The blended learning approach to education combines lectures, projects, seminars, group discussion, presentations and individual and group reports.

Further enquiries

Subjects taught

Modules
Candidates take taught modules with examinations over two semesters and then complete a minor dissertation. The taught modules are as follows:

Fund Management and Evaluation: studies portfolio management, return and risk evaluation in stock selection, market timing and persistence.

Fixed Income Securities: examines the term structure of interest rates and yield curve analysis, exotic bond valuation, duration, convexity, immunisation, asset-backed securities and bond portfolio management.

Asset Pricing: examines models of asset returns, stock price predictability and market efficiency.

Securities Valuation and Selection: examines risk tolerance, asset allocation, stock valuation models and financial analysis of a firm.

International Finance: focuses on how economic policy and the behaviour of agents impact international capital flows, exchange rates and global investments.

Treasury Risk Management: looks at the measurement and management of risks facing banks and corporations arising from volatility in currency and money markets.

Financial Institutions and Money Markets: looks at the role of money markets and banks in the economy, focuses on understanding the types of risk facing banks and the management of this risk.

Derivative Securities: introduces the concepts and mathematical techniques in pricing derivatives including options, swaps, forwards and futures on underlying assets.

Macroeconomics for Financial Markets: looks at macroeconomics theories, models and techniques relevant to financial markets. Topics include business cycles, economic growth, uncertainty, monetary policy, inflation and the labour market.

Regulation and Compliance in Capital Markets: covers the guiding principles behind financial regulation and the main differences between the roles and key legal aspects of different regulatory institutions.

Applied Econometrics: includes regression analysis, OLS, hypothesis testing and specification.

Applied Time Series Analysis: includes ARIMA models, Box-Jenkins methodology, ARCH-GARCH models, VAR models, unit-root testing and cointegration.

Research Methods: includes a report writing/economic consulting element,
visiting speaker seminar series,
research methods training and
workshops on recent developments in financial research.

Further details on the content and modules are available on the Postgraduate College Calendar.

Modules
Further details on the modules listed above can be found in our book of modules. Any modules listed above are indicative of the current set of modules for this course but are subject to change from year to year.

University Calendar
You can find the full academic content for the current year of any given course in our University Calendar.

Comment

Course Practicalities
You attend lectures for approximately 12 hours per week. There are additional research workshop hours and you will also attend regular visiting speaker seminars and practical laboratory sessions.

Who teaches this course
The current lecturers on the course are listed below:
Don Walshe
O'Sullivan, Niall
Dr. Geraldine Ryan
Dr. Ella Kavanagh
Dr. Meadhbh Sherman
Dr. Siobhan Lucey

Assessment method

Normally, your work will be assessed by coursework projects (30%) and final examinations (70%).

Application date

Applications for academic year 2020/2021 are open.

EU Applicants: UCC operates a rounds closing date system for the majority of postgraduate taught courses, which means offers are made four times a year on a rolling basis. Some courses have one specific closing date, please check your course prospectus page for this information.

The UCC rounds closing dates for postgraduate taught courses are below. Applicants are advised to apply as soon as possible.

Deadline for receipt of full applications:
For all completed applications received by January 10th 2020
Offers will be made by January 24th 2020

For all completed applications received by March 2nd 2020
Offers will be made by March 16th 2020

For all completed applications received by May 1st 2020
Offers will be made by May 15th 2020

For all completed applications received by July 1st 2020
Offer will be made by July 15th 2020

Late applications may be accepted on a first-come, first-served basis for any courses that have remaining capacity.

Non-EU Closing Date: 15 June
Non-EU Applicants: Information for Non-EU applicants may be found on the International Office Website https://www.ucc.ie/en/international/

Enrolment and start dates

Start Date 7 September 2020

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